Reliance Infra, Reliance Power make investors wealthier by 56% in 2 weeks

With investors cheering a drawstring of affirmative quality developments, Reliance Infrastructure (RELINFRA) and Reliance Power (RPOWER) shares person delivered singular returns successful the caller past. As of Monday, September 30, Reliance Infrastructure and Reliance Power shares person grown 55.8 per cent and 56.5 per cent successful the past 2 weeks, according to speech data. In different words, some stocks person aided a 56 per cent summation successful the wealthiness of their investors. Reliance Infrastructure (popularly known arsenic RInfra) and Reliance Power are portion of the Reliance Group, led by apical businessman Anil Ambani. 

What's peculiar astir the rally successful some stocks?

Reliance Infrastructure shares person grown each the mode to Rs 336-odd levels from Rs 215 implicit the two-week play while the Reliance Power banal has reached astir Rs 49 from Rs 31. 

Also, Reliance Power has deed the 5 per cent precocious circuit bounds for 9 trading sessions successful a enactment during this period. 

The rally has reportedly benefitted astir 47 lakh tiny investors, with 7 lakh investors successful Reliance Infra and 40 lakh successful Reliance Power.

What has powered the surge successful Reliance Group stocks?

Many analysts accidental that quality developments related to the group's palmy translation from being debt-heavy to zero indebtedness has rekindled capitalist involvement and assurance successful some Reliance Power and Reliance Infra. 

ALSO READ: Reliance Infra, Reliance Power investors cheer indebtedness colony milestones

This month, Reliance Power announced having achieved a zero indebtedness presumption portion Reliance Infra reduced its indebtedness obligations by by 87 per cent to Rs 475 crore. 

Additionally, implicit the past fewer weeks, some companies person announced fundraising plans that cement investors' optimism with their agleam aboriginal prospects.

Reliance Infrastructure plans to rise Rs 3,000 crore and Reliance Power Rs 1,500 crore done preferential allotment of shares.

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